The three "R's" of socially responsible business are "reuse," " recycle," and "___

Which of the following statements is not true concerning Peter Jackson's use of computer-generated imagery in The Lord of the Ri

Sonbull [250]

Answer:

c

Explanation:

I believe its C due to the fact. stunt doubles are actual individuals. or they would just have the actor be edited instead of placing a digital stunt double.

6 0

3 years ago

Tidy Limited purchased a new van on January 1, 2018. The van cost $40,000. It has an estimated life of ten years and the estimat

forsale [732]

Answer:

$33,600

Explanation:

The computation is shown below:

But first we have to determined the following things

Depreciation rate

= 1 ÷ useful life

= 1 ÷ 10

= 0.1

It is double-declining so the rate is also double i.e. 0.20

Now in the first year, the depreciation expense is

= $40,000 × 0.20

= $8,000

Now in the second year, the depreciation is

= ($40,000 - $8,000) × 0.20

= $25,600

So, the accumulated depreciation at the end of 2019 is

= $8,000 + $25,600

= $33,600

Here the residual value is not relevant. hence, ignored it

6 0

3 years ago

The following transactions apply to Jova Company for Year 1, the first year of operation:

aleksandr82 [10.1K]

Answer:

Year 1:

a. Issued $17,000 of common stock for cash. ⇒ ASSET SOURCE

Dr Cash 17,000

Cr Common stock 17,000

b. Recognized $63,000 of service revenue earned on account. ⇒ ASSET SOURCE

Dr Accounts receivable 63,000

Cr Service revenue 63,000

c. Collected $56,400 from accounts receivable. ⇒ ASSET EXCHANGE

Dr Cash 56,400

Cr Accounts receivable 56,400

d. Paid operating expenses of $36,600. ⇒ ASSET USE

Dr Operating expense 36,600

Cr Cash 36,600

e. Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 2 percent of sales on account. ⇒ ASSET USE

Dr Bad debt expense 132

Cr Allowance for doubtful accounts 132

Year 2:

a. Recognized $70,500 of service revenue on account. ⇒ ASSET SOURCE

Dr Accounts receivable 70,500

Cr Service revenue 70,500

b. Collected $64,400 from accounts receivable. ⇒ ASSET EXCHANGE

Dr Cash 64,400

Cr Accounts receivable 64,400

c. Determined that $860 of the accounts receivable were uncollectible and wrote them off. ⇒ ASSET EXCHANGE

Dr Bad debt expense 860

Cr Accounts receivable 860

d. Collected $300 of an account that had previously been written off. ⇒ ASSET EXCHANGE

Dr Accounts receivable 300

Cr Bad debt expense 300

Dr Cash 300

Cr Accounts receivable 300

e. Paid $48,100 cash for operating expenses. ⇒ ASSET USE

Dr Operating expense 48,100

Cr Cash 48,100

f. Adjusted the accounts to recognize uncollectible accounts expense for Year 2. Jova estimates uncollectible accounts expense will be 1 percent of sales on account. ⇒ ASSET USE

Dr Bad debt expense 117

Cr Allowance for doubtful accounts 117

trial balance year 1

Dr Cash 36,800

Dr Accounts receivable 6,468

Cr Common stock 17,000

Cr Service revenue 63,000

Dr Operating expense 36,600

Dr Bad debt expense 132

Income Statement

Year 1

Service revenue $63,000

Expenses:

Operating expense $36,600
Bad debt expense $132 ($36,732)

Net income $26,268

Balance Sheet

Year 1

Assets:

Cash $36,800

Accounts receivable $6,468

Total Assets $43,268

Equity:

Cr Common stock 17,000

Retained earnings $26,268

Total equity $43,268

Statement of changes in stockholders' equity

Year 1

Beginning balance $0

Common stock issued $17,000

Net income $26,268

Ending balance $43,268

trial balance year 2

Dr Cash 16,600

Dr Accounts receivable 5,123

Cr Service revenue 70,500

Dr Operating expense 48,100

Dr Bad debt expense 677

Income Statement

Year 2

Service revenue $70,500

Expenses:

Operating expense $48,100
Bad debt expense $677 ($48,777)

Net income $21,723

Statement of changes in stockholders' equity

Beginning balance:

Common stock issued $17,000

Retained earnings $26,268

Net income $21,723

Ending balance $64,991

Balance Sheet

Year 2

Assets:

Cash $53,400

Accounts receivable $11,591

Total Assets $64,991

Equity:

Cr Common stock 17,000

Retained earnings $47,991

Total equity $64,991

Statement of cash flows

Year 2

Net income $21,723

Adjustments to net income:

Increase in accounts receivable ($5,123)

Net cash from operating activities $16,600

Net cash increase $16,600

Beginning cash balance $36,800

Ending cash balance $53,400

3 0

3 years ago

What are the two main forces that underlie the globalization of markets and production?

blagie [28]

The two forces are:
1. Falling barriers to trade and investments: Many countries of the world now allow their countries to engage in trade with other countries, this has led to increase in globalization of markets and production.
2.Technological innovations: technology has made so many things possible in the business world today.The whole world has been linked up by internet and this makes it easier for a company to market its products to the whole world.

8 0

4 years ago

What is the present value of the following series of cash flows discounted at 12 percent:

Ksju [112]

Answer:

The present value of the following series of cash flows discounted at 12 percent is:

$171,890

Explanation:

a) Data and Calculations:

Discount rate = 12%

$40,000 now;

$50,000 at the end of the first year;

$0 at the end of year the second year;

$60,000 at the end of the third year; and

$70,000 at the end of the fourth year

Future Value Discount Factor Present Value

$40,000 1 $40,000

$50,000 0.893 $44,650

$0 0.797 $0

$60,000 0.712 $42,720

$70,000 0.636 $44,520

Total present value $171,890

b) The present value is the discounted cash flow from series of future cash flows. The discount factor is applied to the individual cash flows, based on the number of years before the cash flow occurs.

6 0

3 years ago

The three "R's" of socially￼￼ responsible business are "reuse," "￼￼ recycle," and "____."

The three "R's" of socially responsible business are "reuse," " recycle," and "____."